Highest VIX close since 1987.
Largest move down in SPX since 1987 (on percentage basis).
Largest point move in SPX ever.
Daily Archives: Monday, March 16, 2020
UNM Covered Call
Bought 100 UNM / Sold 1 UNM 03/20/2020 17.50 Covered Call @ 12.45 Debit.
#AccidentalHighYield
BA Covered Call
Bought 100 BA / Sold to Open 1 Contract BA Apr 17 2020 85 Call Net Debit at $78.39 with the stock at 130.24.
Thanks @parrothead11 for the idea
TQQQ i had an order…
TQQQ
i had an order in for 2$ on a Bull Call Spread 40/45 expiration Jan15’21, never thought it would be filled but has in the panic sell of at the end of day. The Risk Reward ratio was too tempting
Panic close
#LongLEAPs Started again: BTO $TQQQ Jan 2021 90 calls for 2.50. Filled instantly.
TRADES TODAY:
SDGR STO 3/20/20 30.0 PUT @1.65
STNE STO 3/20/20 23.0 PUTS @.80 Will take the stock on these two.
AAL STO 3/20/20 17.0 CALLS @.70 Thank you @Iceman. Hope all is well with you.
Closing all VXX-game
#VXXGame. Since most of my options are expiring this Friday, I’m closing the whole batch of shorts AND longs. All shorts are now closed, and half the longs. I am riding the rest higher as long as it keeps going up.
[code]BA put[/code] I was just…
BA put
I was just looking at 4/17/20 BA 85 puts for $5.38, about 6% return for a month. BA would need to fall another 38% to threaten $85. Does anyone have any thoughts?
DUK
An “are you kidding me” trade. STO Mar20 75 put for 1.80, immediate fill. 27 delta with 4 days to expiration, 78 IV, 110 IVR. 78 IV for a yute? AYFKM?
SMH
#LongPuts – Bought a bunch of these during the rally the other day. Mainly to help partially protect my SOXL position. Booking them here and I’ll use the gain to decrease the SOXL basis by another 12 dollars.
Sold to Close SMH JUN 19 2020 60.0 Puts @ .92 (bought for .35)
AAL update
In case anybody is interested…won’t affect me since I’m out on medical leave but…
Company offering pilots long term unpaid leave (voluntary furlough) or short term leave paid at half pay or if age 63 or 64 permanent leave to age 65 retirement at half pay per month.
Also parking a bunch of old airframes that were scheduled to go anyway. All hiring cancelled indefinitely. Let’s hope this is enough but it’s shaping up to be bigger than 9-11 as far as the hit goes. Crazy times in a crazy business…
#shortputs SPY Sold April 17,…
#shortputs SPY
Sold April 17, 175 put for 2.33.
SPY
#ShortPuts – Expiring today…
Sold SPY MAR 16 2020 235.0 Put @ 2.05
VIX Is 75.30? big OMG
VIX
Is 75.30? big OMG
NVDA
#CoveredCalls – Rolling out and down slightly. A little below my basis so watching it closely if it rallies.
Rolled NVDA MAR 20 2020 255.0 Call to MAR 27 2020 235.0 Call @ 7.50 credit (10.90 total now)
#shortputs HTZ Sold a July…
#shortputs HTZ
Sold a July 17, 5 put for 1.40 with stock at 7.
SPX 1-dte stopped
#SPX1dte Bought to close $SPX March 16th 2380/2400-2930/2950 condors for 6.00. Sold Friday for 1.60.
Slap my hand for selling on a Friday again. Honestly, the last minute surge on Friday sucked me in. I was quite certain we would open down today, but I felt -11%+ OTM would be safe. It may still be safe, but since it almost touched my short strike, stopping is the prudent choice.
I hope I’m not wasting…
I hope I’m not wasting everyone’s time with this. I must be missing something. Does it make sense to buy straight puts on VXX or UVXY? I see Fuzzy selling bear call spreads on UVXY to protect himself. Thank you for your thoughts.
TOS charts frozen
Anyone else?
Options Bistro 